New research from Aviva has found that 61% of UK adults are worried about the prospect of a longer working life. This equates to 20 million working people in the UK. This research comes as official figures report a record number (10.6m) of workers over the age of 50 – a rise of 32% (2.6m) over the past decade.

As the number of ocean cruises taken by UK and Irish passengers breaks the 2 million barrier for the first time, Allianz Assistance in the UK is advising sea faring holidaymakers to check their holiday insurance and make sure they are properly covered for any potential problems before their ship sets sail.

PIMFA responded to the Financial Conduct Authority’s (FCA’s) ‘Our Framework: Assessing Adequate Financial Resources’ consultation paper (CP19/20), calling it “confusing”, and set out their own observations on a number of issues regarding the content of the paper.

The Pensions Management Institute led Master Trust Working group (PMI MTWG) is inviting pension experts across the industry to participate in their four key workstreams: Governance, Technology, Training & Engagement, and Innovation.

As part of Pension Awareness Day on September 15th, experts are promoting the importance of saving for the future and why Brits need to save more for retirement. And with previous research from Portafina confirming that a third (32%) of UK adults admit to not taking their pension seriously as they find it confusing, the pension advice specialist has now revealed the glaring gaps when it comes to the most basic pension knowledge in cities across the nation.

Transfer values rose to record highs in August 2019, whilst the number of members requesting a transfer value fell, according to XPS Transfer Watch, which monitors how market developments have affected transfer values for an example member, as well as how many members are choosing to take a transfer value.

The vast majority of over 55’s who have used pension freedoms to access their private pensions say they want the State Pension to deliver a lifetime income in retirement, according to new insight from Canada Life. Less than one in ten over 55s would choose to take the State Pension as a lump sum up front at the point of retiring.

Sackers have released the results from its client survey on attitudes to environmental, social and corporate governance (ESG) in pension scheme investing. Over 100 pension scheme trustees and managers were surveyed on key areas including: member views, fiduciary duties and financial and practical considerations.

Aegon have announced that Mike Holliday-Williams will succeed Adrian Grace as Chief Executive Officer of Aegon UK. Mike Holliday-Williams will join the company on October 1, 2019. Adrian Grace will retire following ten years with the company.

PPF 7800 Index for August 2019. This update provides the latest estimated funding position, on a section 179 (s179)basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF). A scheme’s 179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation.

In order to more effectively deliver a wider range of services and solutions to commercial organisations across the UK Marsh has announced that it will rename its Jelf business Marsh Commercial in the first quarter of 2020.

Stars of the Future highlights the rising talent in the actuarial industry. We know how hard you all work to qualify as actuaries and this is the perfect way to acknowledge those who strive and go above and beyond. Thank you for your votes, the winners will be announced in the November issue of Actuarial Post.

Ever the double-edged sword, advances in technology have arguably driven the greatest change to the industry that insurance has ever witnessed. As technology has proliferated, so too has the quantity and quality of available data (data is, after all, the foundation of insurance and its capacity to predict and price risk).